Why didn’t eviction moratoriums protect some renters?
Pictured above are the Arbors at Eastland apartments in Bloomington. The property is owned by Monarch Investment and Management Group.
One multi-state landlord had their best year yet during the pandemic. While protections existed in many places to keep renters from being evicted during the worst of the COVID-19 pandemic, many still didn’t know their rights. Monarch Investment Group, one of the fastest growing landlords in the U.S., has thousands of apartment units in Illinois, including the central part of the state, as well as Chicago and the St. Louis area. And they have more than 69,000 units across the country. Despite the moratorium, their rents continued to rise along with eviction filings against tenants.
To explain the situation, we were joined by one of the journalists who followed this story.
GUEST:
Kriston Capps
Writer, Bloomberg CityLab
Here’s how one mega-landlord in the U.S. pushed pandemic evictions, despite a federal moratorium https://t.co/H5Xyq3VvB3 pic.twitter.com/Ra6b7TU4Ja
— Bloomberg Graphics (@BBGVisualData) March 3, 2022
Prepared for web by Owen Henderson
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